SENATE President Ahmed Lawan has assured Nigerians that subsidy on Petroleum Motor Spirit, PMS, will not be removed for now as being reported by some social and conventional media. Mr Lawan stated this when he fielded questions from State House…
AN integrated policy framework built around the energy transition could bring a wave of new sustainable energy investment to Africa, growing the region’s economy by 6.4 per cent by 2050, results of an analysis published last week by the International…
AS the federal government commenced full implementation of the Petroleum Industry Act (PIA) in earnest, the new legislation has been tipped to provide business opportunities that will enable the Nigerian National Petroleum Company Limited (NNPC) earn more revenue for the…
TWENTY two suspected oil thieves and a vessel: MT. TIS IV handed over to the Port Harcourt Zonal Command of the Economic and Financial Crimes Commission, EFCC, by the Nigeria Navy are being quizzed in connection with alleged illegal dealing…
KENYAN President Uhuru Kenyatta inspected the ongoing construction of the KSh40bn (about $350 million) offshore Kipevu Oil Terminal, the largest of its kind in Africa. The construction of the 770-metre-long jetty, currently at 96 percent complete, is wholly funded by…
THE Federal Government on Thursday said it was putting measures in place to ensure further reduction in the cost of Liquefied Petroleum Gas, popularly called cooking gas. It disclosed this while reacting to the recent marginal drop in the cost…
AFRICA’S call for a just and inclusive energy transition has been answered through the European Union’s landmark proposal to label natural gas as a ‘green’ energy source. Historically, Africa has always fought for sustainable development because we know, first-hand, the…
A TOTAL of $3.53bn has been paid by the Federal Government to five international oil companies as cash call arrears repayment to the IOCs, leaving an outstanding balance of $1.15bn. Latest status report on the Pre-2016 Cash Call Arrears Repayment…
AFRICA’S newest gas producers are concerned that projects utilising the resources to broaden access to electricity are under threat by a push to avoid the funding of fossil fuels. ‘Many companies operating in the sector are scaling down or pulling…
THE Nigerian National Petroleum Company (NNPC) Limited has announced a trading surplus of ₦141.96 billion recorded in June 2021, compared to a deficit of ₦37.46 billion in May 2021. A statement by Garba Muhammad, Group General Manager, Group Public Affairs…
